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NGLs Week

NGLs Week Newsletter  

NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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NYMEX Tuesday Wrap: Oil plunges $3.77 to lowest level in a year

HOUSTON, November 20, 2018 (PCW) — January NYMEX crude futures settled down $3.77 cents per barrel at $53.43/bbl. It was the lowest close for a front month contract since Oct. 26, 2017. January Brent at the close of the NYMEX decreased $4.31 at $62.52 bbl. The January Brent/WTI spread was narrowed at $9.09 bbl favoring Brent.

Prompt natural gas futures were down 17.7 cents at $4.523 mmBtu. December NYMEX RBOB futures closed at $1.4959 gal, down 8.70 cpg.

December gasoline differentials were mixed versus Monday’s level.

The 3-2-1 crack spread in the Gulf Coast was $9.10 bbl, $7.32 /bbl under the screen. – John Troland

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